Histor: the start of natural gas flow from Israel to Egypt has began

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by Ifi Reporter Category:Government Jan 15, 2020

Israeli and Egyptian energy ministers announced Wednesday the start of natural gas flow from Israel to Egypt. According to the Energy Ministry's announcement, this is an important development that will serve the economic interests of both parties. The Ministry of Energy added that this move would also allow Israel to export some of its natural gas to Europe through Egypt's LNG facilities, promoting Egypt's status as a regional gas hub.
It is also a historic landmark for Israeli gas entrepreneurs, who began contacts with Egypt after the Australian Woodside company canceled its intention to enter into a partner in the Leviathan Reservoir in 2012. Leading negotiations with Egypt's Egyptian director Dr Yossi Abu over the years led.

Energy ministers Tariq Al Mula and Yuval Steinitz will present the progress achieved during a meeting of the Middle East Gas Forum in Cairo today.
During the conference, the energy ministers of Israel, Egypt, Italy, Greece, Cyprus, Jordan and the PA are expected to approve the transformation of the forum into a regional organization.
At the same time as the ministerial meetings, the Israeli delegation, led by the Director General of the Ministry of Energy Udi Adiri, worked with delegations from Egypt, Greece, Jordan, Italy, Cyprus and the Palestinian Authority to formulate the constitution of the EMGF regional gas organization. At the end of the meeting, the ministers are expected to sign the acronym. On the constitution of the organization, this will be another significant step towards consolidating and consolidating its activities.

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